KTC to build RM100 million industrial park at KKIP
Published on: Wednesday, June 11, 2025
Published on: Wed, Jun 11, 2025 Text Size: KOTA KINABALU: Kim Teck Cheong Consolidated Berhad (KTC) has acquired RM40 million worth of land at Kota Kinabalu Industrial Park to develop its largest integrated operations, logistics, and manufacturing hub. The KTC Industrial Park will expand the company's operational base by 40 per cent and is projected to boost annual revenue to between RM1.5 billion and RM1.6 billion.
Advertisement KTC Executive Director Datuk Dexter Lau (pic) said the development will enhance warehousing, transportation, and supply chain infrastructure to serve markets in Sabah, Sarawak, Brunei, and Indonesia. Construction of the RM100 million project will begin soon, with 500 new jobs expected, prioritising employment for locals from underprivileged backgrounds. Lau also announced a RM10 million investment in Sarawak and confirmed KTC has surpassed RM1 billion in revenue, aiming to grow its East Malaysia business by 50 per cent in the next three years. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
5 hours ago
- The Sun
HPPNK golden jubilee celebration to take place in Kota Kinabalu from Aug 1 to 3
PUTRAJAYA: The National Farmers, Breeders and Fishermen's Day (HPPNK) 2025 celebration will take place at the Sabah International Convention Centre (SICC) in Kota Kinabalu, Sabah, from Aug 1 to 3. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said this year's edition was special as it commemorated the 50th anniversary of HPPNK, which was first introduced in 1975. He said the celebration, which carried the theme 'Kudrat Kami Menjamin Pertiwi', would highlight the spirit and commitment of the agriculture, livestock and fisheries sectors in ensuring food security for the well-being of the people. 'HPPNK is a prestigious event that will bring together farmers, livestock breeders and fishermen from across the country to celebrate their contributions in ensuring food sufficiency and security, as well as in driving the development of the country's agro-food sector,' he said at the pre-launch ceremony of the celebration here today. Mohamad said the HPPNK 2025 celebration would be officiated by Prime Minister Datuk Seri Anwar Ibrahim and was expected to attract over 500,000 visitors, with a projected sales value of up to RM100 million. Elaborating, Mohamad said 18 interesting segments would be featured under four main focus areas, namely Agro Millenia, Sufficient and Guaranteed, Sejahtera MADANI, as well as Sales and Entrepreneurship. He said one of the main attractions would be the Agro MADANI Mega Sales, featuring the Malaysia MADANI Food concept, which would offer over 300 food selections, including popular Sabah dishes, along with daily necessities sold at prices 10 to 30 per cent lower than market prices. 'Various exhibitions and activities on technology and innovation will be held, including the Technology and Sustainability Exhibition and the crop and padi segment, as well as the Livestock and Aquaculture Exhibition. 'HPPNK not only celebrates the contributions of those in the sector but also provides opportunities for strategic networking, knowledge sharing and business ventures,' he said. Mohamad said food security would remain the main focus of the Agriculture and Food Security Ministry in efforts to reduce reliance on imports and boost local production.
The Sun
5 hours ago
- The Sun
HPPNK golden jubilee celebration to take place in Kota Kinabalu
PUTRAJAYA: The National Farmers, Breeders and Fishermen's Day (HPPNK) 2025 celebration will take place at the Sabah International Convention Centre (SICC) in Kota Kinabalu, Sabah, from Aug 1 to 3. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said this year's edition was special as it commemorated the 50th anniversary of HPPNK, which was first introduced in 1975. He said the celebration, which carried the theme 'Kudrat Kami Menjamin Pertiwi', would highlight the spirit and commitment of the agriculture, livestock and fisheries sectors in ensuring food security for the well-being of the people. 'HPPNK is a prestigious event that will bring together farmers, livestock breeders and fishermen from across the country to celebrate their contributions in ensuring food sufficiency and security, as well as in driving the development of the country's agro-food sector,' he said at the pre-launch ceremony of the celebration here today. Mohamad said the HPPNK 2025 celebration would be officiated by Prime Minister Datuk Seri Anwar Ibrahim and was expected to attract over 500,000 visitors, with a projected sales value of up to RM100 million. Elaborating, Mohamad said 18 interesting segments would be featured under four main focus areas, namely Agro Millenia, Sufficient and Guaranteed, Sejahtera MADANI, as well as Sales and Entrepreneurship. He said one of the main attractions would be the Agro MADANI Mega Sales, featuring the Malaysia MADANI Food concept, which would offer over 300 food selections, including popular Sabah dishes, along with daily necessities sold at prices 10 to 30 per cent lower than market prices. 'Various exhibitions and activities on technology and innovation will be held, including the Technology and Sustainability Exhibition and the crop and padi segment, as well as the Livestock and Aquaculture Exhibition. 'HPPNK not only celebrates the contributions of those in the sector but also provides opportunities for strategic networking, knowledge sharing and business ventures,' he said. Mohamad said food security would remain the main focus of the Agriculture and Food Security Ministry in efforts to reduce reliance on imports and boost local production.
New Straits Times
6 hours ago
- New Straits Times
LHDN receives 328 million e-invoices from nearly 35,000 taxpayers since August 2024
GEORGE TOWN: The Inland Revenue Board (LHDN) has received 328 million e-invoices from taxpayers as of yesterday, since the system was launched in August 2024. LHDN tax operations department director (e-Invoice division) Dr Rasyidah Che Rosli said nearly 35,000 taxpayers had submitted e-invoices, including many who had adopted the system voluntarily ahead of their respective mandatory phases. "This is a positive response from taxpayers under the first phase, as well as those in the second and third phases who have implemented e-invoicing voluntarily. "The digital records via the e-Invoice system help prevent the loss or misplacement of documentation and will, in future, be integrated directly into taxpayers' return forms for greater efficiency and accuracy," she told reporters at the CTOS SME Biz Day 2025 Penang, held at the Setia Spice Convention Centre here today. The event was officiated by Penang Deputy Chief Minister II Jagdeep Singh Deo, and was attended by more than 1,300 participants, including government representatives, industry experts and corporate leaders. Meanwhile, Rasyidah said LHDN had granted an interim six-month relaxation period for each implementation phase involving taxpayers who are issuing consolidated e-invoices. She said the board was also supporting taxpayers during the transition by providing guidelines and frequently asked questions on its e-Invoice microsite. "LHDN also provides a transmission mechanism through an application programming interface (API) integrated with MyInvois, which allows taxpayers to either develop their own system or use the services of technology providers," she added. Taxpayers may also submit their e-invoices via the MyInvois portal free of charge, and are encouraged to refer to the LHDN e-Invoice microsite for further guidance. The e-Invoice system was implemented on Aug 1, 2024, for companies with annual sales exceeding RM100 million. The second phase began on Jan 1, 2025, for companies with annual sales between RM25 million and RM100 million. On June 5, LHDN announced that taxpayers with income or annual sales below RM500,000 would be exempted from the e-Invoice requirement for now. Implementation has been postponed to Jan 1, 2026, for those with earnings between RM1 million and RM5 million, while those with income up to RM1 million will begin on July 1, 2026.
